Antitrust for high-technology industries: assessing research joint ventures and mergers
Journal Article
·
· J. Law Econ.; (United States)
The purpose of this paper is to analyze if and how the standard methodology of antitrust analysis should be modified to reflect the importance of R and D and innovation as competitive forces and engines of economic progress. Focus is on such R and D - intensive business combinations as research joint ventures (RJVs) and horizontal mergers in high-technology industries. The authors do not propose a complete set of guidelines for the assessment of such combinations. They present an economic model of RJVs and high-technology mergers that might serve as an analytical underpinning for such guidelines. One conclusion of the analysis is that RJVs ought to be accorded special treatment under the antitrust laws. This special treatment should entail an explicit recognition that RJVs will be scrutinized under the rule of reason, according to guidelines specific to this purpose.
- Research Organization:
- New York Univ., NY
- OSTI ID:
- 5727951
- Journal Information:
- J. Law Econ.; (United States), Journal Name: J. Law Econ.; (United States) Vol. 28:2; ISSN JLLEA
- Country of Publication:
- United States
- Language:
- English
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